never lost money starting out at $3sqft and then adding on for extra 240V and 120V ckts at roughly $250 12gu $150 120V and $350 for 10g. and $75 per each recessed light. also for various other extra stuff. sometimes it costs $5sq ft tops. i am surprised you guys are making so much. mine are all romex. the lo buck code min houses are going for $2.50!!!!!!
I am mostly a commercial estimator, but the minor experience I have with residential allows me to off the following observations. First, I agree with Bullheimer that I was shocked about 8-10 a square foot. 4-6 would be more in my experience. That said, square footage estimates are so arbitrary unless every job has the same requirements, such as how many rooms get CATV and Cat5, whether there are can lights or not, a well, complex switching, heat pump, gas heat, gas vs. electric dryer, water heater, or range. overhead or underground service, reverse end feeder.
A far better "quick method" would be to develop unit prices per receptacle, switch, 3 way, 4 way, 200A, 400A, underground service, well etc. and do a 1 hour take off.
Yes, the law of averages says that you would kill on some and lose on others, but in this economy, you would only be getting the losers, because there will always be another bidder willing to do it for less.